Chipotle Mexican Grill (CMG) was Upgraded by JP Morgan to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Apr 14, 2016.
Many Wall Street Analysts have commented on Chipotle Mexican Grill. Chipotle Mexican Grill was Downgraded by Goldman to ” Neutral” on Apr 1, 2016. Shares were Downgraded by Wedbush on Mar 29, 2016 to ” Underperform” and Lowered the Price Target to $ 400 from a previous price target of $450 .Chipotle Mexican Grill was Downgraded by Jefferies to ” Underperform” on Mar 17, 2016.
On the company’s financial health, Chipotle Mexican Grill reported $2.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $1.85. The company had revenue of $997.50 million for the quarter, compared to analysts expectations of $1008.82 million. The company’s revenue was down -6.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.84 EPS.
Chipotle Mexican Grill closed down -7.04 points or -1.56% at $444.21 with 8,25,109 shares getting traded on Monday. Post opening the session at $453.54, the shares hit an intraday low of $444 and an intraday high of $456.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 7, 2015, John S Charlesworth (director) sold 2,000 shares at $750.12 per share price. According to the SEC, on Aug 5, 2015, Jack Hartung (Chief Financial Officer) sold 2,522 shares at $750.01 per share price. On Aug 5, 2015, Patrick J Flynn (director) sold 1,500 shares at $748.38 per share price, according to the Form-4 filing with the securities and exchange commission.
Chipotle Mexican Grill Inc. (Chipotle) develops and operates Chipotle Mexican Grill restaurants which serve a focused menu of burritos tacos burrito bowls (a burrito without the tortilla) and salads. The Company operates 1755 restaurants in the United States seven in Canada six in England three in France and one in Germany. The Company’s restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants. The Company owns and operates two Pizzeria Locale restaurants a fast casual pizza concept. It also provides a variety of extras such as guacamole salsas and tortilla chips seasoned with fresh lime juice and kosher salt. Its restaurants also offer sodas fruit drinks organic milk beer and margaritas. The average restaurant size is about 2550 square feet and seats about 58 people. The Company’s restaurants also feature outdoor patio space. The Company’s restaurants accept orders by fax online or through an iPhone or Android ordering application.